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  • The Guardian

    The great Saudi sell-off: why bankers and lawyers are flocking to the Gulf

    The kingdom’s privatisation plans dwarf those of Thatcher or even the post-Soviet ‘Wild East’. And they will change the country out of all recognition
    by Frank Kane in Dubai Sep 02, 2017 4 minutes
    Riyadh at sunset. Photograph: Ali Al Mubarak/Getty Images/arabianEye

    Don’t even think about getting the Sunday morning flight from Dubai to Riyadh. The same applies to the Thursday afternoon slots going back.

    Both – and many in between – are booked solid by investment bankers, corporate lawyers, accountants, consultants and PR advisers who appreciate the weekend comforts of the UAE, but who know the big business is to being done in Saudi Arabia.

    A huge economic transformation is planned for the kingdom, and the fees on offer are well worth a few days of strawberry juice in the puritan luxury of a five-star hotel in the Saudi capital.

    Saudi Arabia is lining up a privatisation of state assets that dwarfs the Thatcher “revolution” of the 1980s, and

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